Ryan Specialty refinances $1.588B term loan, issues $600M 5.875% notes due 2032

RYAN SPECIALTY HOLDINGS, INC.

Refinanced existing $1.5881B term loan; added $111.875M incremental term loan at SOFR+2.25% (down 50 bps).
Net proceeds from $600M 5.875% senior secured notes due 2032 used to repay revolver borrowings funding US Assure acquisition.
Term loan matures Sept 13, 2031; revolver matures July 30, 2029; notes mature Aug 1, 2032.
US Assure acquisition closed Aug 30, 2024 for approx $1.075B; funded with revolver borrowings and cash.

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